Article: Premium volume rises in France; Rate competition drives decrease for large risks.(International News)

Byline: RICK MITCHELL

PARIS-Growth in French commercial insurance premiums lagged in 2006 because of tough rate competition, according to the French insurers' association.

Premium volumes for large enterprise risks-particularly industrial risks-fell 2.5% in 2006 compared with 2005. This was primarily caused by intense rate competition but also stemmed from a reduction in claims from the previous year, according to the Federation Francaise des Societes d'Assurances.

The federation estimated that overall commercial premiums grew 2.8%, including 8.1% growth for civil liability premiums. Premium volume was flat for automobile and rose 1.6% for ...

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